Global markets roundup, 10 July

• FTSE 100 down 0.3% to 6,718

• Gold up 0.65% to $1,327.80/oz

• £/$ – 1.7158

The FTSE 100 continued its slide yesterday, falling another 0.3% to close at 6,718.

Insurers Aviva and Admiral were the day’s worst performers, down 3.6% and 3.3% respectively. Easyjet was the biggest climber of the day with a 3.1% rise, and International Consolidated Airlines added 1.2%.

In Europe, the Paris CAC 40 rose 17 points to 4,359, and the German Xetra Dax gained 36 points to 9,808.

In the US, the Dow Jones Industrial Average and the S&P 500 each rose 0.5% to 16,985 and 1,972 respectively, and the Nasdaq Composite was 0.3% higher at 4,419.

Overnight in Japan, the Nikkei 225 lost 0.6% to 15,216, and the broader Topix index fell 0.9% to 1,259. And in China, the Shanghai Composite was unchanged at 2,038, and the CSI 300 slipped 0.3% to 2,142.

Brent spot was trading at $107.88 early today, and in New York, crude oil was at $101.79. Spot gold was trading at $1,330 an ounce, silver was at $21.15 and platinum was at $1,510.

In the forex markets this morning, sterling was trading against the US dollar at 1.7130 and against the euro at 1.2565. The dollar was trading at 0.7335 against the euro and 101.51 against the Japanese yen.

And today, housebuilder Barratt Developments said profits more than doubled in the last year. Pre-tax profits in the year to the end of June rose 103% to £390m, up from £192m the previous year. The value of homes sold rose by 45% to $1.2bn.

Merryn

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